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This land is a rare development opportunity, as Zakaki is a high growth area as a result of all the new developments in the region (new Casino, new port, shopping mall)
Zakaki, Limassol, Cyprus
REF: 115139
€5,600,000
Description
This land is a rare development opportunity, as Zakaki is a high growth area as a result of all the new developments in the region (new Casino, new port, shopping mall). Purchasers will benefit from a prime location, just south of 1000m Shopping Mall and the new Casino of Melco-Hard Rock Resort Cyprus, in a sunny and expanding commercial area. In addition, the particular land is situated in one of the main roads of Limassol (Franklin Roosevelt street), just 500 meters from Limassol port. The particular site enjoys level contours allowing cost effective building options with excellent building density coefficient (Commercial: 120%, Residential: 100%). The site will have frontage onto the main road (ensuring easy access to public and private transport) and stunning sea views from the back. A development on this site can be expected to be keenly sought after as upper levels can be expected to provide significant sea views. Maximum Floors: 3 Maximum Height: 13.5m
This land is a rare development opportunity, as Zakaki is a high growth area as a result of all the new developments in the region (new Casino, new port, shopping mall). Purchasers will benefit from a prime location, just south of 1000m Shopping Mall and the new Casino of Melco-Hard Rock Resort Cyprus, in a sunny and expanding commercial area. In addition, the particular land is situated in one of the main roads of Limassol (Franklin Roosevelt street), just 500 meters from Limassol port. The particular site enjoys level contours allowing cost effective building options with excellent building density coefficient (Commercial: 120%, Residential: 100%). The site will have frontage onto the main road (ensuring easy access to public and private transport) and stunning sea views from the back. A development on this site can be expected to be keenly sought after as upper levels can be expected to provide significant sea views. Maximum Floors: 3 Maximum Height: 13.5m
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Currency Exchange
Zakaki, Limassol, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €5,600,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €5,600,000 | £4,763,864 | £4,908,344 | £144,480 |
| Property Price € | €5,600,000 |
| Minimum cost in the last six months | £4,763,864 |
| Maximum cost in the last six months | £4,908,344 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £144,480 |
Zakaki, Limassol, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €5,600,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €5,600,000 | £4,763,864 | £4,908,344 | £144,480 |
| Property Price € | €5,600,000 |
| Minimum cost in the last six months | £4,763,864 |
| Maximum cost in the last six months | £4,908,344 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £144,480 |
The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £144,480 more.
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